27990 Converse Rd, Island Lake, IL 60042-8417

This exceptional mixed-use property at 27990 N Converse Road, Island Lake, IL 60042, presents a unique investment opportunity. The 2,900 square foot storefront, classified as Class B, sits on a 0.65-acre lot and features two buildings, each one story. Currently configured as a music store and a residential unit, the property offers multiple usage options, including continued operation as a mixed-use space, redevelopment, or even land development. The property's zoning is commercial, allowing for a variety of business ventures. Located just off Route 176 in a thriving commercial zone, this property benefits from excellent visibility and proximity to other businesses. The asking price is $316,100, translating to $109 per square foot. The property's parcel number (APN) is 09-28-100-020. An adjacent property is also available for purchase, presenting an opportunity for a larger-scale development project. Seller financing is available. This property offers a compelling blend of existing income potential and significant future development possibilities. The property's location and flexible zoning make it an ideal investment for both seasoned developers and entrepreneurs seeking a versatile commercial space.